RE:RE:RE:RE:RE:WTI up $4.51 BTE down?Many are calling for a weaker USD in 2023...the dollar has strengthened in the rate rising environment....this is standard....so when rates peak and they MUST start lowering wait for the drop....
CIBC is predicting this....I don't think it is a gamble imo...
Unless you feel the FED will raise rates another 200 bps in 2023....if they did that the reversal required would be even greater. That debt is locked to 2027...at some point the FED MUST reverse course...to me that is obvious...of course the bears and shorts and doom and gloom guys will try to convince you the FED wants half of the US mortgage population to lose their homes lol.
https://www.fxstreet.com/news/usd-cad-could-reach-140-before-falling-back-to-132-next-year-cibc-202210071452 dllscwbysfn wrote: Johnny Doe, FX is not hedging .Hedging comes with a gaurantee. What we have here is called gambling or maybe an educated guess and I do hope they get it right. If it goes wrong it could go very wrong because what would the debt be if the loonie drops into the ,62 -.64 range.
We make more money when the Cad$ is weak but our debt gets worse,right?
Maybe one of you smart people can figure out if we are better off with a stronger or weaker cad.$